by Structured Settlement Watchdog
Matt Bracy, general counsel of Settlement Capital, a factoring company and publisher of the factoring Channel blog has written an intelligent article "Need for Liquidity Options" about the need for liquidity options and why people sometimes may have to use the factoring avenue to get them.
To its credit Settlement Capital is proud to wear its factoring company stripes, does not advertise that it is something that it is not.
While I may not agree with everything they say I commend Settlement Capital for taking a leadership role in the factoring industry and not contributing to consumer confusion.
Other members of the factoring industry, particularly JG Wentworth, Novation Capital and their respective affiliates, and those affected by the image they project, need to take note.
You can be successful without proclaiming or implying that you are something that you're not. Since Bracy invoked Yiddish the Latin "crocata crocatus" is apt. The Latin is a segue to this enduring image "from the last NASP covention" (I'll leave it to you to identify who is the hyena and who are the vultures. We all know who the zebra is!). Improve your image by making note of the intelligent example that Matt Bracy has set in the cited article.
*NASP=National Association of Settlement Purchasers
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